Buy Copper Dec @ 1106 SL 1100 TGT 1114-1120. MCX - Kedia Advisory
Aluminium
BUY ALUMINIUM DEC @ 280 SL 278 TGT 282-284. MCX
Observations
Aluminium trading range for the day is 278.5-283.7.
Aluminium rose after confirmation that the Mozal smelter in Mozambique will be shut.
Japan's November aluminium stocks fall 5.2% on – month
China aluminium production up 2.5 % to 3.79 mln metric tons in Nov – stats bureau
Copper
BUY COPPER DEC @ 1106 SL 1100 TGT 1114-1120. MCX
Observations
Copper trading range for the day is 1101.9-1124.7.
Copper prices rose as persistent worries about potential shortages spurred buying by speculators.
LME copper has climbed by 33% this year, largely on concerns that mine disruptions will result in supply deficits next year.
Peru's copper production rises 4.8% in October
Zinc
BUY ZINC DEC @ 303 SL 301 TGT 305-307. MCX
Observations
Zinc trading range for the day is 297.2-309.8.
Zinc gains after reports zinc mine in Central China is planning a routine maintenance shutdown.
However upside seen limited as dragged down by revived demand concerns triggered by a raft of remaining weak data in China.
Zinc inventories in warehouses monitored by the Shanghai Futures Exchange dropped 12.30% from last Friday.
